Chinese investors have invested in Vietnam in 4,032 projects, with a total registered capital of over 26 billion USD.
Data from the Ministry of Planning and Investment shows that in the first 9 months of 2023, China invested 2.92 billion USD in Vietnam, and is the second country after Singapore (3.98 billion USD) in terms of volume. invest.
Also according to the Ministry of Planning and Investment, in the first 9 months of 2023, there were 102 countries and territories investing in Vietnam. Of which, China accounts for 14.5% of total investment capital, an increase of 94.9% year on year.
In terms of the number of newly registered projects, China is the leading country with 21.2%. During the same period, China was also the country ranked first in terms of investment capital in the manufacturing sector, accounting for 22% of total production investment. Singapore and Hong Kong ranked second and third with 21% and 17% market shares, respectively.
Statistics on the amount of capital invested by countries in Vietnam
Up to now, Chinese investors have invested in Vietnam in 4,032 projects, with a total registered capital of over 26 billion USD, ranking 6th out of 144 countries and territories investing in Vietnam.
Source: Savills Việt Nam
According to Savills Vietnam, Vietnam has been trying to move up the value chain for many years and these efforts have paid off in recent years with opportunities brought about by the US-China Trade War in 2019 and the recent pandemic. The epidemic lasts from 2020 and 2021.
This has accelerated the process of diversification and factory re-establishment of multinational electronics manufacturers outside of China to Southeast Asia, including Vietnam.
Last year was also a year of great success for Vietnamese agricultural products, but the main output still went to China. According to statistics in the first 10 months of the year, China spent more than 3.2 billion USD importing vegetables and fruits from Vietnam, bringing the import turnover of agricultural products to a record number of over 7.5 billion USD. Currently, 14 types of agricultural products, of which 9 fruit items are officially exported (dragon fruit, longan, rambutan, mango, jackfruit, watermelon, banana, mangosteen, durian) and more than 2,940 food product codes. Processed products are also approved by the General Department of Customs for official export, bringing billions of dollars in revenue.
The hottest keyword in 2023 must be “durian fruit export” to this market, over 2 billion USD after 11 months.
As an enterprise with 4 years of official export of bananas to China and most recently durian, Mr. Doan Nguyen Duc – Chairman of Hoang Anh Gia Lai Group (HAGL, HAG) – shared: “China is an attractive market. In fact, this is the place that absorbs the most agricultural products in the world. If the quality of the goods is stable, Vietnam is only worried about not being able to supply them in time, not that they won’t buy them.”
Or CEO of Vina T&T said, this year a Chinese partner ordered 1,500 containers of durian fruit but the business could only meet 30% due to insufficient supply. For Vina T&T, in the first 10 months of this year, fruit exports to China increased by 70% over the same period, accounting for 35% of revenue and far surpassing the US and Japanese markets.
In general, Vietnamese agricultural products exported to China account for more than 10% of the market share, especially Vietnamese durian imported into China increased 5 times in the past year, helping the market share of this fruit to 25% here.
In addition, Chinese investors are increasingly interested in the field of electrical and solar energy equipment manufacturing in Vietnam thanks to its location adjacent to China, convenient for the transportation of goods and raw materials. and production lines, a large degree of international integration, a rich supply of industrial real estate and competitive labor and production costs with neighboring markets.
Source:
https://cafef.vn/goi-ten-top-10-nha-dau-tu-trung-quoc-lon-nhat-tai-viet-nam-rot-gan-ty-usd-vao-nganh-nhua- go-dien-rubber-188231215105850674.chn
